(TheNewswire)
Transfer of Listing toNEX
VANCOUVER, BRITISH COLUMBIA, CANADA – TheNewswire - JULY 19, 2023 – MissionReady Solutions Inc ("Mission Ready" or the"Company") (TSXV:MRS) (OTC:MSNVF) (FSE:2R4), announces thatthe Company's Board of Directors (the "Board") andleadership team members have resigned, effective June 30, 2023.
The current circumstances created by prolonged delaysin government awarding associated with pending solicitations, alongwith the recent exclusion from the Ballistic Combat Shirt (BCS)competitive range and the lack of visibility into additional long-termrevenues and contracts, have made it impossible to continue with thestatus quo. As a result, members of the Board believe they can nolonger satisfy their fiduciary duties to the Company and theshareholders. The Board has therefore resigned, as has the Presidentand CEO, the CFO, the Director of Corporate Communication of MissionReady, along with the President and the CFO of Unifire and otherleadership team members.
Consequently, the Company does not meet the TSX VentureExchange ("TSXV" or the "Exchange") Tier 2continued listing requirements. Therefore, The TSXV has advised theCompany that trading will be suspended, and its listing will betransferred to the NEX Board. NEX is a separate trading board of theTSXV which provides a trading forum for companies that have fallenbelow the TSXV's ongoing listing standards. The Company will remain onthe NEX until such time it can fulfill the conditions to graduate toTSXV or defaults on the NEX policies or listing requirements.
The Company's trading symbol will change from MRS toMRS.H on the effective date as a result of the transfer to the NEX.The .H symbol extension differentiates NEX symbols from other symbolson the main stock list of the Exchange.
The Company's shares under its US listing (OTC: MSNVF)have also been transferred to OTC Pink - Current Information statusdue to the halt.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Forward-Looking Information
This news release contains "forward-lookinginformation" within the meaning of applicable Canadian securitieslegislation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as"anticipate", "believe", "plan","expect", "intend", "estimate","forecast", "project", "budget","schedule", "may", "will","could", "might", "should" or variationsof such words or similar words or expressions. Forward-lookinginformation is based on reasonable assumptions that have been made byMission Ready Solutions Inc. as at the date of such information and issubject to known and unknown risks, uncertainties and other factorsthat may cause the actual results, level of activity, performance orachievements of Mission Ready Solutions Inc. to be materiallydifferent from those expressed or implied by such forward-lookinginformation. There can be no assurance that suchinformation will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in suchinformation. Accordingly, readers should not place undue reliance onforward-looking information. Mission Ready Solutions Inc. does notundertake to update any forward-looking information that is includedherein, except in accordance with applicable securities laws.
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